AllenHsieh.com

I don’t look at Google’s share price often even though it’s listed on my MyYahoo page. That’s why I needed to read this article on nytimes.com to find out that Google’s share price has topped the $700 mark. I think that’s just crazy. I mean I’d love to see Google doing well and leading the way for other Internet companies. However, if you consider that Google, as the article pointed out, is now the fifth largest company in the US in terms of market capitalization, then you have to kinda wonder if things are the way they should be. It is now worth more than many many other companies that have a lot more in both revenue and profit. And worth more than many companies that employ more people as well… I don’t know. Something is not quite right about this. I still think the New Economy companies like Google, Facebook and others should be judged on the same standards as the rest of the industries. Share prices and market capitalizations should NOT shoot through the roof if the revenue and profits can’t really measure up. I think it’s that simple but I guess many people don’t feel that way.

The $700+ per share price makes the IPO price of $168 (I think… I don’t remember the exact number) seem small. I wish I had bought some Google shares early on…